A cooperative,or co-op for short,is a single-owner firm.

Cooperative

An organization consisting of people who pool their resources to buy and sell more efficiently than they could individually.

Single-Owner

Pertains to a business that is exclusively owned by one individual who is responsible for its operations and liabilities.

Verified Answer

Final Answer :

False

Explanation :

A cooperative is owned and controlled by a group of members who share in the profits and decision-making.

Learning Objectives